Container spot rates from Asia to North Europe gained more traction this week, surging past the $1,000 per teu watershed to a level only briefly seen on the route once prior to the peak season.
The Shanghai Containerized Freight Index (SCFI) recorded a 12.5% increase in spot rates to North Europe to $1,046 per teu, following a 20% jump the week before, marking a significant recovery from the SCFI’s 17 March all-time …